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Offering development, planning, construction capability and high performance modules in partnership with AGR

[Cambridge, United Kingdom, 11 February, 2014] UK based developer AGR teams up with Hanwha Q CELLS to deliver a new, 24.3 MW solar installation in Stowbridge, Cambridgeshire. Once complete, the ground-mounted plant will boast a total of 94,500 Q.Pro-G3 solar panels generating an estimated 22,445 MWh of clean energy per year - enough to power 24,800 local households and save approximately 9,650 tons of carbon emissions each year.

AGR, a leading UK renewable energy developer specialising in utility scale PV and medium scale wind, lead the project development of the Stowbridge project, with Hanwha Q CELLS, one of the world’s leading photovoltaics companies, taking the lead on construction, delivering the park under an EPC (Engineering, Procurement, Construction) contract and supplying its "Engineered in Germany" PV modules. Completion of the project and full grid connection is scheduled for March 2014.

Full-Service-Provider in power plant solutions

"The Stowbridge project strengthens our footprint in the attractive UK market and underlines our position as full service provider for advanced power plant solutions – from design development through to the supply of high-class modules to EPC", said Frank Danielzik, Vice President EPC at Hanwha Q CELLS. "Our high quality PV power plants make sense for UK investors, since they offer attractive and reliable returns on their investments." Hanwha Q CELLS has a proven track record of around 600 MW of large scale power plant solutions around the globe. As one of only a few players, Hanwha Q CELLS offers development, planning and construction work as well as top-quality PV panels from one source and provides financial stability as part of the Korean Top-Ten company Hanwha Group.

Competitive LCOE (Levelized Cost of Electricity) for secure ROI

"We are very happy to be cooperating with Hanwha Q CELLS on this project", said Oliver Breidt, one of the founders and co-owners of AGRenewables. "Together we can deliver fast and reliable development and EPC capabilities as well as attractive LCOE." The competitive LCOE of the power plant are a consequence of its low BOS (Balance of System) cost, low running cost and best in class yields. The latter two will be ensured by the high quality and high performance Q CELLS solar modules, featuring Q.ANTUM technology, Anti PID, Hot-Spot Protect and leading low-light performance. Additionally the minimal construction times and the successive connection to the grid with cascade structures reduce cost further and ensure the earliest possible yields of the plant.

Hanwha Q CELLS

Hanwha Q CELLS is a total solar power solution provider with the world's largest cell production capacity. Our business scope ranges from the midstream of ingots, to wafers, cells, and modules, to downstream solar solutions for residential, commercial buildings, and solar power plants.

Hanwha Group

Hanwha Group, founded in 1952, is one of the Top-Ten business enterprises in South Korea and a “FORTUNE Global 500” company. Hanwha Group has 61 domestic affiliates and 258 global networks in three major sectors: manufacturing and construction, finance, and services and leisure. With more than 65 years track record of industrial leadership, Hanwha’s manufacturing and construction businesses encompass a broad range of fields from chemicals & materials, aerospace & mechatronics, total solar energy solutions, and global construction. The finance network, covering insurance, asset management and securities, is the second largest non-bank financial group in South Korea. The services and leisure sector offers premium lifestyle services with retail and resort businesses.

AGRenewables

Established in 2011, AGR has grown quickly into a leading UK renewable energy developer, specializing in utility scale solar and medium scale wind developments. AGR has a portfolio of operational and pipeline projects throughout England, Scotland and Wales – with a robust construction pipeline for the coming year.